Cost of Living in Midland, MI

Population 42,461 · Michigan · Data vintage 2023

68
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing costs in Midland stay well under national norms: a median home value of $192,000 against median household incomes of $74,906 gives the city one of the more comfortable price-to-income ratios in Michigan.

Geographically, Midland is about 65 miles north of Lansing, the nearest large metro. Median home values run roughly 61% higher than Lansing's $119,000.

Cost Overview

Housing 63
Rent 75

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Midland

The median home value in Midland is $192,400 — 37% below the national median of $305,000. Median rent runs $990/month, 25% lower than the national median of $1,314/month. The median household income of $74,906/year is equal to than the US median of $74,580. The local unemployment rate is 4.6%, below the national average of 4.8%. Michigan's top state income tax rate is 4.3% and the combined sales tax is 6.0%. The climate averages highs of 56.9°F and lows of 39.1°F, with about 49" of annual snowfall. Overall, Midland has a cost of living index of 68 versus the US average of 100, meaning it is 32% less expensive.

🏠 Housing

Median Home Value
$192,400
37% below avg
Zillow Home Value
$240,728
Zillow ZHVI
Median Rent
$990/mo
25% below avg
Zillow Rent
$1,540/mo
Zillow ZORI
Price-to-Rent Ratio
16.2x
Favors buying
Property Tax Rate
1.5%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$707
1 BR
$780
2 BR
$962
3 BR
$1,290
4 BR
$1,444
Owner-occupied 66.9%
Renter-occupied 33.1%

💰 Estimated Monthly Budget

Rent median rent
$990
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,604/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
22.1 min
18% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
12.0%

Commute Mode

Drove alone
77.5%
Carpooled
7.4%
Public transit
0.6%
Walked
1.3%
Bicycle
0.4%
Work from home
12.0%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.3%
Total Sales Tax 6.0%
State rate 6.0%
Avg local rate 0.0%
Property Tax 1.5%

💼 Income & Employment

Median Household Income
$74,906
0% below avg
Per Capita Income
$43,613
Unemployment Rate
4.6%
5% below avg
Poverty Rate
10.2%
Labor Force Participation
59.3%

🎓 Education

Bachelor's degree+ 27.3%
Graduate degree 18.3%

👥 Demographics

Median Age 38.9
Male median age 37.6
Female median age 40.1

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
56.9°F
Avg Low
39.1°F
Annual Precip
32.1"
Annual Snowfall
49"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 303242566979828073604635
Low °F 161726364858615952413223
Precip" 1.921.772.023.193.413.282.833.852.812.912.281.85
Snow" 13.911.46.02.40.00.00.00.00.00.23.311.8

🏫 Schools

NCES CCD 2019 — public school district data

91.2%
4-Year Graduation Rate
18.6:1
Student-teacher ratio
18
Public schools
9,561
Total enrollment

Frequently Asked Questions

What is the cost of living in Midland, MI?

Midland has a cost index of 68 (100 = national average). It is 32% below the national average.

What is average rent in Midland, MI?

The median gross rent in Midland is $990 per month based on 2023 Census data.

What is the average home price in Midland?

The median home value in Midland is $192,400 according to Zillow and Census data.

What is the median income in Midland?

The median household income in Midland is $74,906 per year (2023 ACS 5-year estimates).

What is the sales tax in Midland, MI?

The combined state and local sales tax rate in Midland is 6.0%. The Michigan state income tax top rate is 4.3%.

Is Midland, MI affordable?

Yes, Midland is generally considered affordable, with a cost of living index of 68 — about 32% below the US national average of 100.

What is the weather like in Midland?

Midland has average high temperatures of 56.9°F and average lows of 39.1°F. Annual precipitation is 32.1". Average annual snowfall is 49". Data from NOAA 1991–2020 Climate Normals.

Midland at a Glance

Population
42,461
Median Income
$74,906
Home Value
$192,400
Median Rent
$990/mo
Unemployment
4.6%
Avg High Temp
56.9°F
Sales Tax
6.0%
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🗺️ County data for Michigan

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